BSB 805 050

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BSB 805 050

Personal Term Investments

A secure way to invest your money 

For members

Aged 13+

High interest rate

Up to 3.00% p.a.

Monthly fee

$0

If you have a lump sum of money that you know you won’t need access to for a period of time, a Term Investment might be the answer for you. Offering competitive interest rates that are ‘locked in’ for the term of the investment, making this a secure way to invest your money and earn a great return on your investment.

Fixed terms start from two months up to five years. And you only need $5,000 to get started.

All deposits with People’s Choice Credit Union are protected by the Financial Claims Scheme, so you know your money is in safe hands.

To work out how much you can save and how long it will take you, visit our savings calculator.

Features and Benefits

  • For investments of 1 year or more interest can be paid annually, half yearly, quarterly, monthly or every 28 days.
  • For investments less than a year interest is paid at maturity
  • Any deposit with People’s Choice Credit Union is protected by the Financial Claims Scheme, which guarantees deposits of up to $250,000. 
  • You have the security of a fixed rate for a fixed term
  • You can view your Term Investment at any time via Internet Banking or with the People’s Choice Smartphone and iPhone App

You can open your new Personal Term Investment online, over the phone by calling 13 11 82 or by visiting your nearest branch.

For rates on investment amounts $1,000,000 and above please phone 13 11 82 or visit your nearest branch.

Term Investment Accounts (Interest at Maturity)

Term $5,000 - $999,999
2 < 3 months 1.75% p.a.
3 < 4 months 2.20% p.a.
4 < 5 months 2.30% p.a.
5 < 6 months 2.40% p.a.
6 < 7 months 2.60% p.a.
7 < 8 months 2.40% p.a.
8 < 9 months 2.40% p.a.
9 < 10 months 2.65% p.a.
10 < 11 months 2.40% p.a.
11 < 12 months 2.40% p.a.

Term Investment Accounts (Interest Monthly)

Term $5,000 - $999,999
1 < 2 years 2.67% p.a.
2 < 3 years 2.76% p.a.
3 < 4 years 2.96% p.a.
4 < 5 years 2.96% p.a.
5 years 2.96% p.a.

Term Investment Accounts (Interest Annually)

Term $5,000 - $999,999
1 < 2 years 2.70% p.a.
2 < 3 years 2.80% p.a.
3 < 4 years 3.00% p.a.
4 < 5 years 3.00% p.a.
5 years 3.00% p.a.

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Product Summary

Account Purpose

Interest Rate

Bonus Interest Criteria

Interest Frequency

Minimum Opening Deposit

Access to Account

Funds At Call / Term

Unlimited Free Access

Access with Fee

 

A secure way to invest your money 

Account Purpose

A Personal Term Investment is a safe and secure way to invest your money and earn a great interest rate on your savings. Designed for members wanting to make the most of their savings by locking their funds away for a fixed term.

Interest Rate

Up to 3% p.a.

Bonus Interest Criteria

Interest Frequency

At maturity, or annually for terms greater than 1 year

Minimum Opening Deposit

$5,000

Access to Account

N/A

Funds At Call / Term
Withdrawal at maturity.
Terms 2 months to 5 years
Unlimited Free Access

N/A

Access with Fee

N/A

Reach your savings goals sooner

Account Purpose

A savings account that incentivises you to save by offering competitive bonus interest rates if you make a minimum $50 deposit in the month, as well as making no withdrawals.

Interest Rate

Up to 2.55% p.a.2

Bonus Interest Criteria
Deposit $50 and no withdrawals within calendar month2
Interest Frequency

Monthly

Minimum Opening Deposit

$0

Access to Account

Branch and Online

Funds At Call / Term

At Call

Unlimited Free Access

BPAY payments, Direct Debits, Internet and Phone Banking

Access with Fee

Direct Debits, Branch and Agency withdrawals and transfers

Remove

Earn more and reach your savings goals sooner

Account Purpose

An online savings account that offers bonus interest when you make no withdrawals during the month, helping you reach your savings goal sooner.

Interest Rate

Up to 1.9% p.a.1

Bonus Interest Criteria

If no withdrawals in calendar month

Interest Frequency

Monthly

Minimum Opening Deposit

$0

Access to Account

Online Access Only

Funds At Call / Term

At Call

Unlimited Free Access

BPAY payments, Direct Debits, Internet and Phone Banking

Access with Fee

N/A

Remove

Learn how to save from a young age and get rewarded with bonus interest

Account Purpose

A savings account designed to teach children the value of saving from a young age by rewarding them with a higher rate of interest when a minimum of $5 is deposited in the month and no withdrawals are made.   

Interest Rate

Up to 2.55% p.a.3

Bonus Interest Criteria

Deposit $5 and no withdrawals within calendar month

Interest Frequency

Monthly

Minimum Opening Deposit

$0

Access to Account

Branch and Online

Funds At Call / Term

At Call

Unlimited Free Access

BPAY payments, Direct Debits, Internet and Phone Banking

Access with Fee

Direct Debits, Branch and Agency withdrawals and transfers

Remove

Give yourself the gift of a worry-free Christmas 

Account Purpose

A savings account designed to take the financial stress out of your annual Christmas celebrations by restricting your access to withdraw funds outside of 1 November to 31 January.

Interest Rate

1% p.a.4

Bonus Interest Criteria

Interest Frequency

Monthly

Minimum Opening Deposit

$0

Access to Account

Branch and Online

Funds At Call / Term

At Call During Access Period

Unlimited Free Access

During Access Period: BPAY payments, Internet and Phone Banking

Access with Fee
During Access Period: Branch and Agency withdrawals, Direct Debits.
Fee applies to all withdrawals outside of access period.
Remove

Our Expenses Account helps you budget for bills so you never miss a payment again

Account Purpose

An account designed for bill paying. Keep your expenses separate from your day to day spending, so you never miss a bill payment. 

Interest Rate

Nil

Bonus Interest Criteria

N/A

Interest Frequency

Monthly

Minimum Opening Deposit

$0

Access to Account

Branch and Online

Funds At Call / Term

At Call

Unlimited Free Access

Branch and Agency deposits and transfers, BPAY payments, Direct Debits, member cheque withdrawals, Internet and Phone Banking

Access with Fee

Branch and Agency withdrawals

Remove

hi…

Thank you for your enquiry. Unfortunately we don’t have a branch in this area, so please call us on 13 11 82 to see how we can still help you.

For rates on investment amounts $1,000,000 and above please contact us.  
If you are under 25 years of age then the minimum deposit for rates shown in the $5,000 to $49,999 tier above is only $1,000.                                          

Rates quoted are current at date of issue and may change without notice. Interest is calculated daily and paid at maturity for terms of less than 12 months. For terms of greater than 12 months interest is calculated daily and paid either monthly or annually. Quarterly, six monthly and 28 day rates are also available on application. Interest can be reinvested or paid to a People’s Choice Credit Union Transaction or Savings account.
Terms, conditions, fees and charges apply and are available upon application.
The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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